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Search Results 0 to 49 of about 90 (some duplicates have been removed)
to be revenues as well. second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
an optimistic note about the way forward, as did speaker boehner after the meeting. >> my hope is that this is going to be the beginning of a fruitful process where we're able to come to an agreement that will reduce our deficit in a balanced way. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> nbc's mike viqueira joins us live from the white house. mike, are there any signs, i have to put this to you, that the president may be able to persuade republicans at least to maintain the bush tax cuts on those making less than $250,000 a year? is there any sign that he's going to be able to persuade them on that? >> reporter: well, i think that he would be able to persuade them to extend those tax cuts, but he may not be able to persuade them to decouple them from those making more than $250,000 a year, martin. i don't mean to be flip, but that does remain at the end of the day here after the big root velt room photo-op the main sticking point. it's clear democrats feel they have the upper hand as do democrats h
to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
leadership, go to senate, deal over there and then come to boehner and box him in with a deal and present to it him. >> he also said that boehner may want that, too. boehner still doesn't control his caucus. we don't have to ask what the american people wanted. president obama ran on an explicit program of raising taxes on top earners. and boehner is still talking about the romney plan, mess around with loopholes and take away loopholes from top earners. that was romney's plan and romney lost. the president holds the cards here. the world won't come to an end on january 1st if all the rates expire. it's more of a curve. i think we can afford to go off it. >> we'll see. as we quickly approach it. my thanks to the power panel today. i really appreciate your time today. >>> coming up next, a bipartisan plan to fix the nation's debt. the co-chairs are going to join me, ed rendell and former new hampshire senator judd gregg will join me to talk about this. we want to know what you think. should general petraeus have resigned? tweet me your thoughts about this or find me on facebook. oun] today
age to 67 and cap benefit hikes under social security. obama and house speaker john boehner are due to begin negotiations friday on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. speaking in washington, treasury secretary timothy geithner stressed the urgency of reaching a deal. >> i know the cliff is unattractive. it would cause a lot of damage to the american economy. a careful about those who argue and urge for "let's just extend while we negotiate." it will leave a different source of uncertainty on the table, like what would give the people the incentive to come back and do something tough. >> millions of workers in europe have joined a general strike today protesting the wave of spending cuts and tax hikes that has swept the continent in the name of austerity. spanish and portuguese workers are coordinating their strike with work stoppages also planned in greece, italy, france and belgium. we will have more on the strike after headlines. closing arguments have ended in a pretrial hearing to
is there to do? the signals from john boehner, the speaker of the house, are that he's got some more leverage with his republican caucus than he had back in the day, and that there is talk of coming up with more revenue. maybe not calling it a tax increase, not a rate increase, but finding some way to raise some more money. >> right. you know, andrea, i hate to sound an optimistic note when it comes to politics, but i do think the signals coming out of john boehner's sort of world, and out of president obama's statement last week is that there can be some common ground here, that president obama, i think, clearly has some leverage due to what happened in the, in his own race, as well as at the senate level. so i think he has that. and then john boehner, i think a little bit more questionable in how much more leverage he has within his own caucus, but we shall see. if both of them can sort of say, look, let's do this, this is important to the country, let's move on, we can disagree about lots of other things, but we're going to compromise and move forward. whether that compromise is not raisin
would be willing to accept and double the amount that speaker boehner had offered the president during their debt negotiations last year. today the president is scheduled to meet with ceos from a dozen companies. there's some of them on your screen. general electric, ford, ibm all playing a part. they'll discuss ways to work together and try to find a balanced approach to reducing the deficit. during a closed-door meeting yesterday with union leaders and liberal supporters, president obama reportedly vowed that he would, quote, not budge when it comes to letting the bush tax cuts expire for the country's highest earners. labor leader and president of the afl-cio, richard trumka, was among those at the white house meeting. he said he and the president are on the same page. >> we're very, very committed to making sure that the middle class and workers don't end up paying the tab for a party that we didn't get to go to. the president led with that notion of protecting the middle class, and now you have republicans that have it in their power, they could sign a bill tomorrow that protects
seem to be moving closer to a key sticking point. >> speaker boehner seemed to suggest that he was open to closing loopholes, to real tax reform. can you get there by just closing loopholes, or will it take more than that? >> well, look, i don't want to prejudge the discussions. i think that the speaker's comments have been encouraging and there is obviously money to be gained by closing some of these, closing some of these loopholes and applying them to deficit reduction. there are a lot of ways to skin this cat. gregg: illinois congressman peter roskam joins us. he is on the house ways and means committee. he joins us from chicago. good to see you. house speaker boehner says he will oppose any increase in tax rates. and the white house said on friday, and i will read this directly, the president will veto any bill that includes an extension of the current tax rates for those earning more than $250,000 a year. so congressman, where is the come promize? >> i think the best predictor of future behavior is past behavior. we've heard this language coming from the white house before. we hea
boehner, basically had a deal in place, it ended up getting blown up at the last minute. i think there is a, perhaps, a new conciliation on both sides. i think they were waiting for the election to get over. i think the attitudes are positive on both sides. and i think they've got the framework for a deal already set up from last year. so i don't think that there are any closer but i also don't think they were that far away last year in 2011. >> do you think that closing the loopholes would be enough for a deficit reduction package? >> it doesn't appear that that's going to raise enough revenue to get to where the democrats want that to be. republicans say they don't want to raise rates. there are some -- there's some budget chicanery that can go on in terms of dealing with one baseline instead of another baseline. that's what it looked like boehner wanted to do last year. there are a lot of different options here. it's interesting, bill kristol from the weekly standard appeared to be talking to grover norquist, the anti-tax activist in those comments that he played earlier, talk
election? >> no, not at all. in fact, after election day the president, speaker boehner, senate ma minority leader mitch mcconnell all talking about the facecle life, what they were going to do, not going to do, what they wanted to negotiate, not negotiate, but on friday, as news exploded out from the cia thanks to our own andrea mitchell that the president accepted the resignation of the cia director, general david petraeus, all of that -- you have to add that plus all the things you talked about, fiscal cliff, to what the president has to deal with. as you said, no honeymoon, indeed. >> and added to what jonathan just said, julian, there are some concerns over this that this is just the tip of the iceberg. i want to play you something senator feinstein said to andrea mitchell this afternoon. >> this thing came so fast and hard. since then it's been like peeling an onion. every day another peel comes off and you see a whole new dimension to this. so my concern has actually escalated over the last few days. >> it's clear she's suggesting this is going well beyond the realm of a personal mat
. >> is that the big onus on john boehner? >> i think it is the onus on all of the negotiators. it's all of them at this point. because that's where the spotlight is. yeah. it's going to be quite a task. we saw that when this happened the last time. it's going to come right up to the line. i think we might be here late december. >> the drama will take us through the end of the year. our power panel, jackie kucinich, blake, robert, thanks to all three of you. >>> up next i'll talk with someone who was in this morning's closed door hearing with general petraeus, republican congressman tom rooney will join the show. what do you think about today's testimony? tweet me your comments at thomas a. roberts. we're back after this. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. and you learned something along the way. this is the age of knowing what you're made of. so, why let erectile dysfunc
think mr. boehner has got to understand they lost and let the wishes of the majority of the people in this country prevail. but once again, when you have millions of people really struggling in this country economically, when you have some people out there wanting to cut benefits for disabled veterans and people on social security through a so-called chain cpi, you tell me, if there's any state in this country where people think, we're going to cut benefits for disabled veterans and elderly folks but we're going to give more tax breaks for millionaires and billionaire, i personally don't believe there's one state in this country which agrees with that. that's why i'm very happy to see president obama suggesting he's going to get out of capitol hill. he's going to go on the road and explain that issue to the american people. i hope millions of folks all over this country from blue states, from red states, start calling up capitol hill, their congressmen, their senators and say the wealthiest people in this country have to start paying their fair share of taxes. >> senator, good to s
are democratic and half of whom live in hollywood? >> reporter: republican leader john boehner said when he was talking about being open to new revenue, he was not talking about new tax increases. the president sits down with democrats and republican leaders here on capitol hill on friday. back to you. >> tracie potts in washington. thank you. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died from injuries from a fall brunging the city's death toll to 43. homeland security secretary janet nah pop politan know has reaffirmed her commitment to be with those for the duration. now for a look at the weather here is nbc meteorologist bill karins with the weather channel forecast. give me good news. >> that's depends where you are in the west. >> i want sunshine. >> go south. the northwest isn't pretty. rain and snow in many areas of washington state and oregon state. look at the radar. t
. boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction, including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and a government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you'll see the anxiety and nervousness growing in the markets and corporate boardrooms. it's going to be a rough for months. >>> two weeks after the destruction from hurricane sandy, victims are still trying to put their lives back together. more than 100,000 homes and businesses in new york and new jersey are without electricity as they struggle to rebuild. a 77-year-old man has died of injuries from a fall as sandy hit new york, bringing the city's death toll to 43. janet napolitano visited with disaster relief workers in new york, reaffirm
other point that i want to make and that is that my understanding is tomorrow is representative boehner's birthday. for those who want to wish him a happy birthday, we're not going to embarrass him with a cake because we didn't know how many candles were needed -- >> yeah, right. >> but we do want to wish him a happy birthday. >> thank you. >> thank you, everybody. appreciate it. >> house and senate leaders spoke briefly to reporters. >> good morning, everyone. we had a very constructive meeting with the president to talk about america's fiscal problem. i outlined a framework that deals with reforming our tax code and reforming our spending. i believe that the framework that i have outlined in our meeting today is consistent with the president's call for a fair and balanced approach. to show our seriousness, we have put revenue on the table as long it's accompanied by significant spending cuts. while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fisc
boehner used a post-election conference call with rank-and-file republicans to plead for patience, to give him running room to negotiate with the president who did just win reelection. mandate or not. >> let's discuss what's going on in our "strategy session." joining us are donna brazile and alex castellanos. that bill crystal comment, go ahead, raise the taxes on the wealthy, maybe more than $250,000, maybe $1 million a year. he says, what's wrong with that? half of them voted for obama anyhow in hollywood, he makes that point. >> i think the big thing is republicans want to plant as much seed corn into the economy so it will grow. but here's how the republicans in the house are looking at this thing. i've talked with a few of them this week. this is not about a deal to raise taxes. we already have a deal to raise taxes. when these tax cuts expire, taxes will go up for everybody. what we're talking about is a deal to get some of the money back. >> but no one wants the taxes to go up for the middle tax, for people making less than $250,000 a year. everyone agrees they should have the curr
to be here. thank you so much. >> thanks so much. >>> a fiscal cliff, it's coming and if obama and boehner don't compromise, could mean economic disaster, but some lawmakers say hey, there's no rush. actually, we should go over that fiscal cliff. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> people are counting down the days until the nation goes off the so-called fiscal cliff. the tax cuts and cu
the house speaker john boehner, the president, you can see him sitting there. let's listen to the president. thank them for their time and i think we're all aware that we have some urgent business to do. we have to make sure that taxes don't go up on middle class families and that our economy remains strong and creating jobs and that's an agenda that democrats and republicans and independents, people all across the country share. our challenge is to make sure that we are able to cooperate together, work together, find some common ground, make some tough compromises and build some consensus to do the people's business and what folks are looking for and i think all of us agree on this is they want to see that we are focused on them and not focused on our politics. my hope is this is a fruitful process where we will come to agreement that will reduce our deficit in a balanced way. i want to thank the leadership for coming and with that wool get to work. thank you very much, everybody. wait, wait, excuse me, there is actually one other point that i wanted to make. that is that my understanding
on that famous fiscal cliff. and speaker john boehner's getting in on the love. >> 2013 should be the year to begin to solve our debt through tax reform and entitlement reform. this framework can lead to common ground. because if there was a mandate in this election, it was a mandate to work together to do what's in the best interest of our country. >> but any fundamental reform is going to require republicans to break their signed pledge against raising taxes. we'll discuss that next on "now." hungry for the best? it's eb. want to give your family the very best in taste, freshness, and nutrition? it's eb. want to give them more vitamins, omega 3s, and less saturated fat? it's eb. eggland's best eggs. eb's. the only eggs that make better taste and better nutrition... easy. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >>> let's have a serious debate. don't scream and yell. you know what, it won't kill the country if we raise taxes a little bit on millionaires. it really won't, i don't think. i don't see why republicans don't take obama's offer to freeze taxes f
of that party up there. >>> next, john boehner was re-elected yesterday for a second term as speaker of the house but georgia congressman louis go mert, a charter member of the birther crowd had a different candidate in mind. who do you think he nominated? newt gingrich for speaker right now. you don't technically actually have to be a house member to be speaker of the house, but it's been the rule historically. by the way, boehner's word to go mert after the word, louie, i love you, too. after the election, we heard certain ceos were threatening to fire employees if president obama wob the election. some are going through with it. bobt murray, ceo of the coal company laid off 156 employees the day after the election. john schneider ceo the papa john's pizza says he will be cutting employee hours to avoid costs associated with obama care. finally, john met, ceo of several denny's franchises says he will add a 5% surcharge to customers' bills to offset the cost of obama care. you don't want to pay extra, he said tip the server less to offset the cost. what a sweetheart. >>> up next, n
for the wealthy. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money to be gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words. >> if sequestration goes into effect it's a disaster for national defense. >> reporter: the strategy of pivoting away from the wars in iraq and afghanistan towards the pacific and an emerging chinese superpower would come undone. >> all of that can go to hell if this congress doesn't face up and deal with the issue of sequestration. >> reporter: in this letter to senators panetta warned by the time sequestration was over the u.s. would have the smallest ground force
to be that much wiggle room, speaker boehner sounded a bit optimistic. >> i've outlined a framework for how both parties can work together to avert the fiscal cliff, without raising tax rates. >> a few have looked closely at what the president have had to say, looked closely at what i have to say. there are no barriers here to sitting down and beginning to work through this process. >> the president says that he is open to any ideas, good ideas, from republicans, to get revenue. he said that he will not slam the door in their faces, but still taking that tough stand, that he will not extend those bush-era tax cuts for wealthy americans. we also saw the president take a strong stand, as you pointed out, in defending his ambassador, ambassador susan rice. the president realizing that she's been coming under attack from republicans, in particular, senator john mccain, who's been going after her, because of the narrative that she told shortly after those benghazi attacks. senator mccain saying that he just wants to get all the facts, suggesting that the white house has not been transparent. the pres
. visit studentcam.org. >> house speaker john boehner on his party leadership election followed by democratic leader nancy pelosi. then senators of both parties on their leadership elections. later republican senators john mccain, nancy gramm, and others call for the investigation on the attacks of the u.s. consulate in libya. the senate armed services committee holds a hearing tomorrow morning on the nomination of marine corps general joseph dunford. that is live on c-span 3 at 9:30 eastern. general dunford is assistant commandant of the marine corps. now house speaker john gainer on his party's leadership election and the agenda for the lame duck session of congress. top priority which is jobs. i'm proud of my leadership caucus who are going to serve. and while some of us who are returning to the leadership, we have new members and you will get to hear from them in a moment. our majority is the primary line of defense for the american people against a government that spends too much, borrows too much when left unchecked. i have outlined a framework for how both parties can wor
Search Results 0 to 49 of about 90 (some duplicates have been removed)